Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Chartered Accountancy Charter

Section D : Challenges

Challenges Facing the CA Profession

Employment Equity

15.2.3 Qualifying Examination Level

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This is the final formal education level that candidates have to pass before they become Chartered Accountants and Registered Auditors. The desired outcome is a dramatic increase in the numbers of black candidates who take and pass both parts of the QE.

 

Current situation / challenges

Recommended activities

Poor pass percentages achieved by black entrants in the QE
oCTA standards vary considerably
oIneffective monitoring and interaction with tertiary institutions by SAICA to ensure consistency of standards
oLack of mentoring and monitoring of trainee accountants contribute to a high dropout level and poor throughput pass percentages
Perceived lack of transparency of the whole examination process (i.e. the setting, marking and adjudication of the QE) the setting, marking and adjudication of the QE)
To improve the reach of the formal education programme for first-time and repeat black QE candidates
To increase the number of bursaries provided to black students to enable them to study full time
To publicise and communicate the exam setting, marking and adjudication processes of the QE
To increase the membership of black CAs on Edco and Examco